Hi all
Wired and Anderson Consulting have produced an _Encyclopaedia of the New
Economy_ for all those still not convinced. The Web site is below, along
with their 'definition' of capitalism as a taster.
For those only just getting interested in the new economy I shall post on
Kevin Kelly's new rules for the new economy and a useful review of Kelly's
book shortly after this message.
Best wishes
John
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http://hotwired.lycos.com/special/ene/
<http://hotwired.lycos.com/special/ene/>
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Capitalism A global economic system rooted in free enterprise, private
property, and open markets; the way we all do business now.
The heart of capitalism is a feedback mechanism, profit, which
rewards activities that people appreciate sufficiently to pay for. Communism
and even socialism lacked that, or expressed it imperfectly. And as
technologies have grown more complex, capitalism's unparalleled ability to
give people what they want - to match supply with demand - has largely
obliterated its centrally planned rivals in a roar of economic growth.
Instead of socialism versus capitalism, the great debates of the 21st
century are likely to pit interpretations of capitalism against one another.
Indeed, battle lines are already being drawn - over trade, intellectual
property, and equal access to technology.
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